- Companies
- EdgeConneX
EdgeConneX Acquisition, Valuation, Funding & Investors
EdgeConneX was acquired by EQT for $2.7B in August 2020.
EdgeConneX EBITDA multiple at acquisition
24.0x
EV/EBITDA · Aug 2020
Cumulative funding EdgeConneX raised
$1.1B
across 4 funding rounds
Key investors in EdgeConneX
True Ventures
Brown Brothers Harriman
CPP Investments
Sixth Street
TDF Ventures
Meitav Investment House
About EdgeConneX
EdgeConneX is an American data center developer and operator headquartered in Herndon, Virginia, with regional headquarters in Amsterdam and Singapore. Founded in 2009, it built its business on edge data centers and now designs, builds and operates facilities ranging from 40 kilowatts to 500 megawatts or more, from build-to-suit and build-to-density campuses for single customers to multi-tenant sites. Its customers are mainly cloud providers, AI and content companies and network operators, which lease space and power in its facilities. The company has more than 90 data centers built or in development across North America, South America, Europe, the Middle East and Asia Pacific, and runs them on its proprietary EdgeOS data center operating system. EdgeConneX formed AdaniConneX, a joint venture with Adani Enterprises in India, and made a strategic investment in Chinese data center provider Chayora. EQT Infrastructure completed its acquisition of the company from an investor group led by Providence Equity Partners on November 5, 2020, giving it capital for land, power and build-to-suit projects worldwide. Randy Brouckman is chief executive.
Founded
2009
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Leasing & Rental Services
Valuation
$2.7B (acquired Aug 2020)
EdgeConneX Acquisition
EdgeConneX was acquired by EQT for $2.7B on 19 August 2020.
The acquisition price implies a 24.0x EBITDA multiple.
Before the acquisition EdgeConneX had raised $1.1B across 4 funding rounds.
| Acquirer | Date | Type | Price | EV/EBITDA |
|---|---|---|---|---|
| 19 Aug 2020 | PE buyout | $2.7B | 24.0x |
EdgeConneX Funding History
EdgeConneX has raised a total of $1.1B across 4 funding rounds, plus 1 secondary share sale.
EdgeConneX's first fundraising round was a $33M Series C in September 2013. The most recent completed round was a $1B undisclosed-stage round in July 2026.
EdgeConneX funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2026 | Undisclosed stage | Migdal Group (lead); More Provident Funds; CPP Investments; Clal Insurance; Meitav Investment House | $1B | Israeli institutions invested approximately USD 1,030 million into EdgeConneX, with Clal Insurance Enterprises Holdings contributing USD 100 million as part of the group commitment. The broader investor group also included Migdal Insurance and Financial Holdings, More Investments, and Meitav Investment House, and the capital was described as part of EdgeConneX’s fundraising activity in 2026. The investment reflects continued demand for AI and data center infrastructure, and the reported context is that EdgeConneX has raised about USD 6,000 million since the start of 2026, indicating a large-scale capital-raising period for the company. Clal Insurance’s participation was also described alongside its existing sector exposure, including USD 400 million in direct equity exposure and USD 300 million in debt exposure within the sector. EdgeConneX is a US-based data center provider focused on digital infrastructure. The company’s latest reported funding activity indicates total capital raised of USD 7,460 million over 12 rounds, with the most recent prior round dated September 24, 2024. |
| Sep 2024 | Secondary | Sixth Street | - | EQT and Sixth Street announced on 24 September 2024 that the EQT Infrastructure IV and EQT Infrastructure V funds had agreed to sell a minority stake in EdgeConneX to funds managed by Sixth Street; the price and the size of the stake were not disclosed. EQT Infrastructure, invested in the company since 2020, remained the largest shareholder after the transaction. EQT described the sale as a strategic milestone that broadened the investor base and added a partner to help the company deliver data centre capacity for AI and large-scale cloud deployments. EdgeConneX is a global developer and operator of data centres focused on energy-efficient designs for hyperscale cloud and AI customers. The company was founded in 2009 and is based in the Washington, DC area. Since 2020 it had more than tripled its built data centre capacity and expanded into Asia, Latin America and new European markets. At the time of the transaction it had a footprint of 80 data centres in operation or under development in more than 50 markets across North America, Europe, Asia-Pacific and South America. Revenue comes from leasing data centre capacity to large cloud and technology customers under long-term contracts. |
| Dec 2014 | Undisclosed stage | Brown Brothers Harriman; True Ventures | $50M | - |
| Jul 2014 | Undisclosed stage | True Ventures (lead) | $25M | EdgeConneX is a global data center provider specializing in edge, hyperscale, and cable landing station facilities for customers worldwide. The company operates purpose-built data centers proximate to users, supporting telecom, cloud, and AI workloads. Founded around 2009, it has grown to 201-500 employees and focuses on high-powered, scalable infrastructure. True Ventures participated in an early funding tranche for EdgeConneX, including a $2.5 million raise in July 2011 from a $10 million offering alongside investors like Comcast Ventures and TDF. The company has since raised substantial capital, totaling over $2.3 billion across later rounds. In more recent developments, EdgeConneX was acquired by EQT Infrastructure IV in November 2020 for $2.7 billion at a 24.0x EBITDA multiple. EQT Infrastructure V later co-invested, supporting expansion to 50 data centers in over 40 markets across North America, Europe, and South America. Funds have fueled new developments, M&A, and growth in AI-supporting gigawatt-scale facilities while prioritizing sustainability in power and water usage. |
| Sep 2013 | Series C | Brown Brothers Harriman; TDF Ventures | $33M | - |
Who has invested in EdgeConneX?
9 investors have backed EdgeConneX across its funding rounds, including True Ventures, Brown Brothers Harriman, CPP Investments, Sixth Street, TDF Ventures and Meitav Investment House.
Lead investors include Migdal Group and True Ventures.
EdgeConneX Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Sep 2013 | ||
| 2 | Lead | Jul 2014 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Sep 2013 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Sep 2024 | ||
| 1 | Lead | Jul 2026 | ||
This data is available for Pro users. Sign up to see all 9 EdgeConneX investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by EdgeConneX
EdgeConneX has acquired 3 companies to date.
Last acquisition by EdgeConneX was on August 16th 2021. EdgeConneX acquired Global Data Center for $200M.
Latest Acquisitions by EdgeConneX
| Description | Global Data Center was an Israeli colocation and data-center operator founded in 2013 by Moshe Lasman with financial backing from Viola Group. The company operated two secure underground facilities in the Tel Aviv metropolitan area, one in Herzliya Pituach and the other in Petah Tikva. Both sites were designed to the Tier III Uptime standard and provided resilient power, cooling and communications infrastructure. Enterprise customers used the facilities for server hosting, data storage, connectivity, disaster recovery and related managed infrastructure requirements. The business earned recurring service revenue from colocation capacity and associated data-center services rather than selling software. EdgeConneX acquired Global Data Center in 2021 as its entry into the Israeli market. The acquired platform gave EdgeConneX an established local footprint and capacity for further expansion. | StratITsphere Data Center Solutions is a provider of private-labeled, scalable data center platforms tailored for service providers. Based in the Netherlands, the company offers modular infrastructure including rackmount servers, cooling systems, and networking gear deployable in colocation facilities or edge locations across Europe. | SVColo is a colocation data center operator safeguarding enterprise IT infrastructure with secure hosting solutions. Silicon Valley-based, it provides high-density rack space, redundant power systems, advanced cooling, and carrier-neutral connectivity in Tier III facilities, supporting compliance standards for finance, healthcare, and cloud providers. |
| HQ Country | |||
| HQ City | Herzliya | Houston, TX | San Jose, CA |
| Deal Date | 16 Aug 2021 | 1 Aug 2016 | 1 Jun 2015 |
| Valuation | $200M | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all EdgeConneX acquisitions and their M&A valuation multiples. Start Free Trial | |||
EdgeConneX Competitors
EdgeConneX competitors include listed companies like Sinnet Technology and GDS Holdings, and private ones like Selectel, Starcloud, Vultr and Yotta Infrastructure.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.1B | $73M | $2.7B | 3.3x | ||
| Private | $130M | - | $2.6B | 19.7x | ||
| Private | - | - | $2.3B | - | ||
| Private | $150M | - | $3.5B | 23.3x | ||
| Publicly listed | $1.7B | $888M | $4.3B | 5.2x | ||
| Private | - | - | $4.4B | - |
EdgeConneX Public Comps
EdgeConneX is no longer listed, but its public comps include Sinnet Technology, Ionic Digital, Biprogy, Galaxy Digital, Fujian Star-Net, Fastly, Megaport, Kingsoft Cloud, Time Dotcom and SUNeVision.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $73M | 3.1x | 3.3x | 46.4x | 16.6x | |||
| $141M | ($248M) | 16.2x | - | (9.2x) | - | |||
| $2.7B | $382M | 1.0x | 1.0x | 7.4x | 7.0x | |||
| $60B | ($177M) | 0.1x | 0.2x | (45.4x) | 32.5x | |||
| $2.9B | $196M | 1.3x | 1.0x | 19.1x | 10.6x | |||
| $624M | ($41M) | 4.2x | 3.6x | (63.5x) | 18.6x | |||
| $216M | $15M | 12.2x | 8.0x | 179.8x | 23.1x | |||
| $1.4B | $416M | 2.0x | 1.5x | 6.8x | 4.8x | |||
This data is available for Pro users. Sign up to see all EdgeConneX competitors and their valuation data. Start Free Trial | ||||||||
Common questions about EdgeConneX
| When was EdgeConneX founded? | EdgeConneX was founded in 2009. |
| Where is EdgeConneX headquartered? | EdgeConneX is headquartered in Herndon, VA, United States. |
| Is EdgeConneX publicly listed? | No, EdgeConneX was acquired by EQT in August 2020. |
| Who acquired EdgeConneX? | EdgeConneX was acquired by EQT in August 2020. |
| How much was EdgeConneX acquired for? | EdgeConneX was acquired for $2.7B in August 2020. |
| How much funding has EdgeConneX raised? | EdgeConneX has raised $1.1B across 4 funding rounds. |
| What was EdgeConneX's last funding round? | EdgeConneX's last funding round was a $1B undisclosed-stage round in July 2026, led by Migdal Group. |
| Who are EdgeConneX's investors? | EdgeConneX's investors include Brown Brothers Harriman, True Ventures, More Provident Funds, TDF Ventures, CPP Investments, Sixth Street, Migdal Group, Clal Insurance and Meitav Investment House. |
| Which companies are comparable to EdgeConneX? | Companies comparable to EdgeConneX include Sinnet Technology, Selectel, Starcloud, Vultr, GDS Holdings and Yotta Infrastructure. |
| How many companies has EdgeConneX acquired? | EdgeConneX has acquired 3 companies, including Global Data Center, StratITsphere Data Center Solutions and SVColo. |
| What was the largest acquisition by EdgeConneX? | The $200M acquisition of Global Data Center in August 2021 is the largest acquisition EdgeConneX has made to date. |
See companies similar to EdgeConneX
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




